Business
TechnipFMC Awarded Substantial Subsea Contract for the Coral North FLNG Development Offshore Mozambique
NEWCASTLE & HOUSTON, December 18, 2025--TechnipFMC (NYSE: FTI) has been awarded a substantial(1) Engineering, Procurement, Construction, and Installation contract by Eni S.p.A. for the Coral North development, the second floating liquefied natural gas (FLNG) project offshore Mozambique, in water depths of approximately 2,000 meters.
About this update from Technipfmc Plc
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1145,"height":226,"url":"https://media.zenfs.com/en/business-wire.com/21c2134c4134894d044048a9f993d478"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/8Y5ZVcFxGN5C464aCCh1FQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTE4OTtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/21c2134c4134894d044048a9f993d478","width":960,"height":189},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/h8ypLqOzohES0sxArNqIJw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIyOTA7aD00NTI7Y2Y9d2VicA--/https://media.zenfs.com/en/business-wire.com/21c2134c4134894d044048a9f993d478","width":1145,"height":226}},"lazy":false},{"type":"text","content":"NEWCASTLE & HOUSTON, December 18, 2025--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) has been awarded a substantial(1) Engineering, Procurement, Construction, and Installation contract by Eni S.p.A. for the Coral North development, the second floating liquefied natural gas (FLNG) project offshore Mozambique, in water depths of approximately 2,000 meters.","length":355,"tagName":"p"},{"type":"text","content":"Jonathan Landes, President, Subsea for TechnipFMC, commented: "We are excited to once again work with Eni and their consortium partners in Mozambique. We will leverage our experience gained from the successful delivery of Coral South—the world’s first FLNG project in ultradeep water—by replicating our proven playbook with an enhanced approach."","length":356,"tagName":"p"},{"type":"text","content":"TechnipFMC will manufacture and install flexible flowlines and risers, as well as install subsea manifolds and umbilicals.","length":122,"tagName":"p"},{"type":"text","content":"(1) For TechnipFMC, a "substantial" award is valued between $250 million and $500 million. This award was included in inbound orders in the second quarter of 2025.","length":173,"tagName":"p"},{"type":"text","content":"Important Information for Investors and Securityholders","length":55,"tagName":"p"},{"type":"text","content":"Forward-Looking Statement","length":25,"tagName":"p"},{"type":"text","content":"This release contains "forward-looking statements" as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act o...